Other News - 10/29/2009

Pakistan International Airlines lost PKR5.38 billion ($64.5 million) in the third quarter, narrowed from a PKR20.4 billion loss in the year-ago period, according to a stock exchange filing cited by Bloomberg News. Revenue dropped 3.5% to PKR22 billion. PIA said the rupee's improved standing against the US dollar buffeted its bottom line. Nine-month loss of PKR10.8 billion compared to a deficit of PKR38.4 billion last year.